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Johnson&Johnson Bullish Moving Average Crossover Alert (JNJ)

By Amy Schwartz

Johnson&Johnson (NYSE:JNJ) crossed over its 10-day moving average of $131.48 on a volume of 473K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Johnson&Johnson has traded in a range of $121.00 to $148.99 and is now at $132.32, 9% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Johnson&Johnson on July 12th, 2019 by issuing a Downtrend alert when the shares were trading at $136.22. Since that call, shares of Johnson&Johnson have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Johnson&Johnson

Ticker(s): JNJ